Background

G20 leaders have highlighted the importance of long-term financing, focusing on infrastructure investment, to foster long-term growth. The OECD, within the framework of its project on Institutional Investors and Long-Term Investment, is participating in this work.

‌The OECD report on the Role of Banks, Equity Markets and Institutional Investors in Long-Term Financing for Growth and Development was presented at the G20 ‌meeting in Moscow on 15-16 February 2013. At this meeting, G20 leaders established a Study Group on Financing for Investment with the co-operation of international organisations to analyse obstacles and limitations delaying long-term financing and determine a work plan for the G20. Since then, the study group has been upgraded to a Working Group on Investment and Infrastructure. This reflects the high priority the 2014 G20 Australian Presidency places on this issue.

The OECD conducts an annual Survey of Large Pension Funds designed to illuminate the role that large institutional investors can play in providing a source of stable long-term capital, consistent with the objectives and directions as set down in the February 2013 communiqué from G20 Finance Ministers and Central Bank Governors.

The G20 also asked the OECD and other relevant international organisations to provide an analysis of government and market-based intruments and incentives for stimulating the financing of long-term investment. This report and annex were delivered at the November 2014 summit in Brisbane.